No dividend from First as profits slump

Profits at FirstGroup for the year to 31 March have dropped, as the group announces its preliminary results and plans to raise £615million to “remove the constraints of the current balance sheet”. First also announced there would be no final dividend for 2013 and no interim dividend for the current financial year. The group's share price dropped by 20 per cent on the announcement of its results.

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20 May 2013 | UK

No dividend from First as profits slump

Profits at FirstGroup for the year to 31 March have dropped, as the group announces its preliminary results and plans to raise £615million to “remove the constraints of the current balance sheet”.

20 May 2013 | UK

£3million fleet for Thanet Loop

A fleet of 27 new ADL Enviro200s has been introduced to Stagecoach's Kent fleet to upgrade the Thanet Loop which serves Margate, Ramsgate and Broadstairs.

20 May 2013 | UK

“Militant agenda” strike looms

Barring any last-minute agreement, bus drivers on the Isle of Man are expected to start a 12-day strike on Saturday (25 May).

13 May 2013 | UK

Buzzlines loses VOSA costs appeal

A decision by Margate magistrates to award VOSA a substantial contribution towards its £59,500 investigation and prosecution costs in a case involving Buzzlines Travel of Hythe and director Nigel Busbridge has been upheld by the Administrative Court in a Judicial Review.

13 May 2013 | UK

Fire hits Western Greyhound

A major fire at the Summercourt depot of Western Greyhound has destroyed or severely damaged 37 buses – around one-third of the fleet.

13 May 2013 | UK

Bus Eireann strike under way

Most regular services operated by Bus Eireann have been halted by a strike by members of the National Bus and Rail Union.

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Warranty wins Angela’s business Angela Coaches of Southampton has taken delivery of three new Neoplans - two Tourliners and a flagship Starliner for its Angela Holidays operation. Issue 309

New ADL Scanias join Stephensons Stephensons of Essex has taken delivery of two Scania-ADL double-deckers. Issue 309

Egyptian open-topper for London London sightseeing operator Golden Tours has taken delivery of the first two of six new Volvo B9TL open-top buses scheduled for delivery early this year. Issue 309

Cheetah economy wins at Marshalls The Plaxton Cheetah’s reputation for economical operation was an attraction for partner Glen Marshall of Marshalls Coaches of Leighton Buzzard when he was looking for a high-specification small coach. Issue 309

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